Giving Through a Will
Through a simple bequest, you may be able to make a significant gift that will create a legacy and have a lasting impact on the students, faculty, and programs at Henderson Community College. A bequest may be made in the form of property such as cash and securities, a percentage of an estate, or the residue of the estate (property remaining after other bequests have been fulfilled).

Giving Through a Charitable Remainder Trust (CRT)
A Charitable Remainder Trust allows a beneficiary to receive a current income tax deduction and an immediate income stream from the assets placed in the trust. At the end of the trust agreement, all of the remaining trust assets pass to Henderson Community College.

Giving Through a Charitable Lead Trust (CLT)
A Charitable Lead Trust provides a means to give to Henderson Community College for a specific period of time, with the remaining trust assets distributed to your designated heirs. The community college receives an annual amount for the length of the trust agreement, while trust assets are distributed to your designated heirs.

Giving Gifts of Life Insurance
Life insurance policies purchased while building a family may later in life prove to be good charitable gifts that can offer tax advantages. If other assets are now providing the income your family will need after your lifetime, consider transferring ownership of your policy to Henderson Community College, thereby reducing estate taxes.

Giving Retirement Plan Assets
Because most retirement assets have been sheltered from income tax, they are subject to double taxation in your estate (income and estate tax). By bequeathing your retirement plan assets to Henderson Community College, your heirs will realize income and estate tax savings and the charity will receive the full value of the gift.

Giving Closely Held Stock
Donating shares of a closely held stock to Henderson Community College is another method of gifting assets. Once the donation is complete, the community college seeks redemption from the corporation, which then purchases the stock with retained earnings. The donor realizes an income tax deduction for the charitable gift as well as the ability to avoid capital gains taxes on its appreciated value, while maintaining a controlled interest in the company.

Giving Through a Donor Advised Fund or Foundation
Making charitable contributions through a Donor Advised Fund or Foundation can offer a high level of flexibility, current and/or deferred tax advantages, and an assurance of asset distribution to specific charities of focus areas.

Giving Cash
With gifts of cash to Henderson Community College, donors may deduct an amount up to 50% adjusted gross income in a year that he/she makes as a contribution. Any excess contributions over this percentage may be deducted over the next five years.

Giving Property That Has Risen In Value
With gifts of appreciated property to Henderson Community College, individuals may avoid paying capital gains taxes and may receive a deduction for the full value of the gift.

Giving Property That Has Decreased In Value
With gifts of depreciated property to Henderson Community College, there are advantages to selling the property. By selling the property and contributing the proceeds, a donor may receive the deductions for both the capital loss and the charitable gift.

Giving Personal Property (Books, Works of Art, Furnishings)
With gifts of personal property, tax deductions may depend on the appraised value and how the gift will be used by Henderson Community College.